Homebuyers will suffer if President Biden and the GOP leadership cannot reach an agreement on the debt ceiling, according to a data analysis from Zillow Group (NASDAQ: Z, ZG). While acknowledging that a debt default was “very unlikely” Zillow predicted mortgage rates...
The luxury home building firm Toll Brothers Inc. (NYSE:TOL) has unveiled its newest community: Toll Brothers at Wildflower, which is coming to Saratoga Springs, Utah. Construction of the sales center and model homes is now under way and sales will begin this fall. The...
The current economy has made things challenging for real estate professionals. Interest rates have been climbing for more than a year, which means mortgage rates have also been on the rise. Those increases have discouraged both sellers and builders. As a result, the...
The Federal Housing Finance Agency (FHFA) did a policy about-face and rescinded its recently enacted upfront fees based on borrowers’ debt-to-income (DTI) ratios for home loans acquired by Fannie Mae and Freddie Mac. The regulator announced in March it would delay...
There was buoyant activity in the home loan market last week, according to data from the Mortgage Bankers Association (MBA). The trade group’s Market Composite Index was up by 6.3% on a seasonally adjusted basis from one week earlier, while the unadjusted index was...
Arizona’s Maricopa County took the number one ranking in the newly published list of top U.S. markets for luxury second homes published by the real estate marketplace Pacaso. “The county’s vibrant desert cities of Phoenix and Scottsdale offer world-class golf,...
Hits and Misses for the Real Estate Week of May 11-15
